Tesla shares surge on Monday after a stunning upgrade by Morgan Stanley, which valued Tesla as a subscription or “internet-of-cars” model for the first time.
New Morgan Stanley report claims nearly 50GW of US coal-fired power capacity will be unable to compete against renewables by 2024.
Morgan Stanley says global transition to a new energy world is gaining momentum, driven by savvy consumers and increasingly cheaper and smarter technology. But can Australia keep up?
Australia’s record-breaking solar uptake, and the “duck curve” effect it is having on the NEM, will cause the “next major inflection” in the energy market, Morgan Stanley warns, and likely sooner than investors and industry players are expecting.
Morgan Stanley says renewables will be cheapest new generation almost everywhere by 2020, helping many countries exceed their Paris goals – even Trump’s America.
Morgan Stanley is still expecting around one million households in Australia will install battery storage by 2020.
Morgan Stanley predicts one million Australian households could install battery storage by 2020 – but it could be double that. The incumbent utilities, it says, are misreading the market, and it is has downgraded one of the big utilities because of it.
Morgan Stanley says installed cost of battery storage could fall from nearly $10,000 to just over $5,000 within two years. The actual battery will be one third of current cost.
Car ownership is expensive, dangerous and highly polluting. All three issues can be addressed by the combination of electric vehicles, car sharing, and autonomous driving. That means a new experience, a new business model, and a new multi-trillion dollar industry.
Morgan Stanley says Australian energy market is still under-estimating the impact of battery storage. While some retailers and networks have been downplaying storage, Morgan Stanley is increasing its target to 3 million homes by 2035, up from 2.4 million.